Liquavista, spun out of the Philips Research Labs in Eindhoven two years ago, has won part of the backing from the government-funded Technology Strategy Board. The project is also backed by Plastic Logic.

Wasn't Plastic Logic a competitor to Philips/PVI? But I guess they've collaborated before, so maybe not....

Quote:

The technology is based on a process called electrowetting, which uses electricity to manipulate a thin layer of liquid so that it changes colour. It uses far less power than a traditional liquid crystal display (LCD) and, crucially, the individual cells change fast enough to run video.

Far less power than LCD may not mean no power between screen refreshes... we'll have to see how this plays out.

Liquavista’s electrowetting displays are reflective rather than transmissive and so offer the potential for clear viewing in all lighting conditions, from a dimly lit office environment to the bright light of a sunny day, while consuming a tenth of the power of similar sized LCD screens.... (emphasis added)